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Shoppers took advantage of one last day of sales this week before the Belk closed its doors for good ahead of a massive redevelopment of the Richland Mall, marking a major transition in the community.
The 2015 sale of Belk to Sycamore loaded the chain with over $2 billion in debt as department stores nationwide were losing popularity. In February 2021, Belk filed for and emerged from Chapter 11 ...
On April 3, 2015, news reports revealed that Belk was exploring "strategic alternatives," including a possible sale of the company. [15] On August 24, 2015, Belk announced that it had entered into a definitive merger agreement to be acquired by New York–based private equity firm Sycamore Partners. The acquisition was completed on December 10 ...
Five Below, Inc. Five Below, Inc. is an American chain of specialty discount stores that prices most of its products at $5 or less, plus a smaller assortment of products priced up to $25. [ 5] Founded by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens. [ 3]
Crabtree (formerly Crabtree Valley Mall) is a regional shopping mall located in Raleigh, North Carolina. At 1,343,109 square feet (124,778.9 m 2 ), it’s the largest enclosed mall in the Research Triangle area. The mall features Macy's, Belk, and Belk Men's Store .
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